NerdWallet (NASDAQ:NRDS – Free Report) had its price objective trimmed by Oppenheimer from $20.00 to $18.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.
NerdWallet Stock Performance
Shares of NRDS stock traded down $0.54 during mid-day trading on Thursday, hitting $10.74. The company’s stock had a trading volume of 642,689 shares, compared to its average volume of 340,967. The stock has a market cap of $834.91 million, a price-to-earnings ratio of -63.71 and a beta of 1.46. NerdWallet has a 52-week low of $6.38 and a 52-week high of $17.30. The business has a 50-day moving average price of $14.29 and a 200 day moving average price of $14.66.
NerdWallet (NASDAQ:NRDS – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The business had revenue of $150.60 million during the quarter, compared to analysts’ expectations of $149.93 million. NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. NerdWallet’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) EPS. Equities research analysts predict that NerdWallet will post 0.22 EPS for the current fiscal year.
Insider Activity at NerdWallet
Hedge Funds Weigh In On NerdWallet
Hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of NerdWallet by 17.6% during the second quarter. Rhumbline Advisers now owns 52,373 shares of the company’s stock valued at $765,000 after buying an additional 7,837 shares during the last quarter. Natixis Advisors LLC bought a new stake in NerdWallet in the second quarter worth $250,000. Legato Capital Management LLC purchased a new position in shares of NerdWallet during the 2nd quarter worth about $555,000. Bank of New York Mellon Corp grew its stake in shares of NerdWallet by 27.6% during the second quarter. Bank of New York Mellon Corp now owns 122,873 shares of the company’s stock valued at $1,794,000 after buying an additional 26,572 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in NerdWallet in the second quarter worth $445,000. 38.81% of the stock is currently owned by institutional investors.
About NerdWallet
NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.
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